Return to Gold Standard?
by Andriy Postovenskyy Forex traderWith fiat money, inflation has increased, and many have called for a return to the gold standard. Given the complexity of the economy, it is unlikely that governments will return to the limitations that currency backed by gold imposes. In this YouTube video you can get an explanation why bankers don?t want to return to the gold standard. Gold is safe in times of crisis You would have to have been living under a rock to be unaware of the financial crisis sweeping the western world in recent years. Iceland, Greece, Germany, United Kingdom, Italy, Portugal, Spain, United States, Canada; almost every major country is experiencing either collapse or near collapse of its financial system. Representatives of the Federal Reserve Bank have publicly declared that the Fed has lost its ability to influence the US economy as it has done so successfully in the past.The way to neutralize this present threat and return to yourself the value of your labour as represented in monetary terms, is to invest in the oldest store of wealth known to man - precious metals. Investing in gold For thousands of years, gold has been valued as a global currency, a commodity, an investment and simply an object of beauty. As financial markets developed rapidly during the 1980s and 1990s, gold receded into the background and many investors lost touch with this asset of last resort. Recent years have seen a striking increase in investor interest in gold. Gold bullion is real, honest money...and, many say, the best form of money the world has ever known. Gold is rare, durable and does not wear out in the manner of lesser metals (or paper money!) when passed from hand to hand. A small amount, easily carried, can purchase a significant amount of goods and services. It is universally accepted and can easily be bought and sold around the world. Leading investors and economists such as Marc Faber, Peter Schiff, Warren Buffett and Robert Kiyosaki say that the economy hasn't reached rock bottom yet and will get much worse. They have been recommending that we keep from 5% to 20% of our assets in the form of flexible units of gold or silver, so we in the event of hyperinflation still can acquire essential goods and services. | |
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Created on Nov 14th 2010 13:23. Viewed 256 times.
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Andriy Postovenskyy
Forex traderThere was a time when gold was money. The world's major economies have experienced a rapid money supply growth of 10 % plus per annum in recent years, and it is not backed up by gold, as in 'the good old days'. But the yellow metal is returning as a store of value when everything else seems risky Nov 14th 2010 23:40 |
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Vladimir Lugansky
Forex TradeThe standard has been established 35 $ for ounce. Now gold the price for historical maxima also makes the price above 1400 $. How here it is possible to do the standard? Nov 15th 2010 00:01 |



You would have to have been living under a rock to be unaware of the financial crisis sweeping the western world in recent years. Iceland, Greece, Germany, United Kingdom, Italy, Portugal, Spain, United States, Canada; almost every major country is experiencing either collapse or near collapse of its financial system. Representatives of the Federal Reserve Bank have publicly declared that the Fed has lost its ability to influence the US economy as it has done so successfully in the past.







Our currancy started by being guaranteed by gold reserves. We the people should should require an audit of the actual gold held in Fort Knox--I think the American public will be blown away at how inefficient our governement has been over the years and how small the ratio of gold to debt is today. We are in big time trouble!
Nov 14th 2010 21:05